MELBOURNE’s next public housing tower – a 10-level, 98-unit complex opposite Doncaster Shoppingtown – has reached its full height. A “topping” ceremony will be held this Thursday to celebrate the suburb’s new landmark – with Minister for Social Housing and Homelessness (and Sport and Indigenous Employment and Economic Development) Mark Arbib likely to attend. State government representatives, and the developer, Bendigo-based not-for-profit group Loddon Mallee Housing Services will also be there. The 95 – 99 Tram Road affordable housing complex is being funded using money from the Commonwealth Government’s Nation Building Economic Stimulus which aims to deliver 4500 new rental homes for low income earning Victorians. [...]
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PHILLIP Island’s fairy penguin colony will be protected forever, with the completion of a controversial compulsory home acquisition program in a precinct on the south-west corner of the island known as Summerland. All up, 774 privately owned properties across 85 hectares were compulsorily acquired by the state government since 1985. The program was initially costed at $10.5 million, and expected to take 15 years, but blew out after a real estate property boom on the island stretched the government’s budget. [...] PHILLIP Island’s fairy penguin colony will be protected forever, with the completion of a controversial compulsory home acquisition program in a precinct on the south-west corner of the island known as Summerland. All up, 774 privately owned properties across 85 hectares were compulsorily acquired by the state government since 1985. The program was initially costed at $10.5 million, and expected to take 15 years, but blew out after a real estate property boom on the island stretched the government’s budget. [...] THE Office of Housing has paid close to $4 million for a disused aged care facility in Box Hill. Dwellings on the 2480 square metre site, opposite the Box Hill Tennis Club and near the Surrey Hills and Burwood suburb borders, are expected to be refurbished before being made available to public housing tenants. The purchase continues a trend of the Federal Government, and associated public housing service providers snapping up prevalent development sites all around Melbourne and Victoria. Some of the biggest public housing projects are currently under construction in Abbotsford, Ashwood, Carlton, Ringwood and Wonthaggi. [...] A MAJOR development site offloaded by the State Government six years ago for $2.8 million, has hit the market again, and is expected to sell for almost twice that amount. The former Box Hill dog pound at the south-east corner of Canterbury Road and Hay Street is being offloaded by retirement village operators, who have decided against building a major 76-unit aged care facility on the site. The block will be sold with two permits – allowing for an aged care redevelopment, or a more medium density traditional residential development with ground floor shops. [...] THE list of farmers who have become instant millionaires as a result of government planners needing land for housing, has grown. This time, in the western suburb of Wyndham Vale, 35 kilometres from town, a private family has achieved a price of $6.5 million from the sale of its 12.1 hectare farm. Wyndham Vale is in Melbourne’s first home buyer heartland. The farm, at the north-east corner of Ballan Road and Wollahra Rise, opposite the Manor Lakes Shopping Centre, is expected to be redeveloped into a major housing estate. [...] 3. Swiss mining giant Xstrata has announced that it will suspend projects worth A$6.6bn (£3.8bn) in response to the Australian government’s push for a new 40pc tax on mining profits. Australian interest rates on hold [BBC NEWS] Jun. 1. … [...] THE Victorian State Labor government is continuing to offload its most spectacularly located real estate assets, with a major site in ritzy Kew expected to wind up in the hands of residential developers – possibly as early as next year. The Department of Treasury and Finance is understood to have employed a private consultant to conduct a feasibility study into the future use of the 60 Denmak Street office site, currently occupied by government agency VicRoads. A confidential Request for Quotation seen by The Age suggests moving VicRoads staff within three to four years. [...] THE compound known for years as the Ovens Benevolent Asylum, in Beechworth, has hit the market as a development site. The State Government can expect to make up to about $2 million from the sale of the 6.5 hectare property which includes five heritage protected historic buildings, and a subdivided vacant tract of land. Construction of the first asylum building started in 1862 with buildings added in 1867, according to the Heritage Council of Victoria. [...] |
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